Bill Text: MO HB2034 | 2014 | Regular Session | Introduced
Bill Title: Phases out the current distribution method of the St. Louis County sales tax over 10 years until all the tax revenue is distributed based upon the location in which the sales were deemed consummated
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2014-04-15 - Public Hearing Completed (H) [HB2034 Detail]
Download: Missouri-2014-HB2034-Introduced.html
SECOND REGULAR SESSION
97TH GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES LEARA (Sponsor), BURLISON, HICKS, FLANIGAN, FUNDERBURK, LANT, KELLEY (127), MOON, LICHTENEGGER, CURTMAN AND BAHR (Co-sponsors).
6265H.01I D. ADAM CRUMBLISS, Chief Clerk
AN ACT
To amend chapter 66, RSMo, by adding thereto one new section relating to distribution of local sales taxes.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 66, RSMo, is amended by adding thereto one new section, to be known as section 66.602, to read as follows:
66.602. 1. Notwithstanding any other provision of law to the contrary, all county sales taxes collected under sections 66.600 to 66.630 shall be distributed as provided in this section.
2. For the year beginning on January 1, 2015, ten percent of all funds deposited with the county treasurer of the county under section 66.620 shall be appropriated to the cities, towns, villages, and unincorporated areas of the county based on the location in which the sales were deemed consummated under state law, and all remaining funds shall be appropriated as provided in sections 66.620 and 66.630. In each subsequent year, an additional ten percent of all funds deposited with the county treasurer of the county under section 66.620 shall be appropriated as provided in this subsection until all funds deposited with the county treasurer of the county under section 66.620 are appropriated to the cities, towns, villages, and unincorporated areas of the county based on the location in which the sales were deemed consummated under state law.
•
